Amendment Process for FinReg Underway
Sen. Barbara Boxer (D-Calif.) will likely offer the first amendment to Sen. Chris Dodd’s financial regulatory reform bill which is now on the floor and in the process of being merged with Sen. Blanche Lincoln’s (D-Ark.) derivatives language. It will be a symbolic amendment, and a bipartisan favorite: No taxpayer funds for Wall Street bailouts. According to Talking Points Memo, Dodd says the real work on voting amendments into the bill will start on Tuesday.